Sullivan Francine 4

What Happened

• Francine Sullivan, Chief Legal Officer and EVP Corporate Development of EVgo (EVGO), had restricted stock units (RSUs) vest on February 1, 2026. A total of 112,892 shares were converted (exercise/conversion of derivatives), and 47,015 shares were withheld to satisfy tax liabilities (payment of exercise price/tax withheld) at $3.01 per share, resulting in $141,515 withheld. Net shares delivered to Sullivan after withholding were 65,877.
• The converted shares show an acquisition price of $0.00 (RSU vesting), and the withholding is coded as a disposition to cover taxes (code F).

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (filed timely).
• Conversion/vesting entries coded M (exercise/conversion of derivative) with $0.00 acquisition price; tax withholding coded F at $3.01 per share.
• Gross converted shares: 112,892; shares withheld for taxes: 47,015; net shares received: 65,877; cash value withheld: $141,515.
• Footnotes: RSUs were awarded under EVgo’s 2021 Long Term Incentive Plan and vested per the reported schedules; the Jan 30, 2026 closing price was used to calculate shares withheld.
• Shares owned after the transaction were not specified on the Form 4.

Context

• This was an RSU vesting event, not an open-market sale or purchase. The withheld shares represent a routine tax withholding (cashless settlement) and do not by themselves indicate market buying or selling sentiment.
• Transaction codes: M indicates conversion/exercise of a derivative into shares; F indicates shares withheld to pay taxes.